Common use of Substitute Agreements Clause in Contracts

Substitute Agreements. The Trustor may, but shall not be required to, amend the Trust Estate by executing and delivering to the Trustees before the expiration of one (1) year from date of this Trust, one or more substitute Assignments of After-Payout Working Interests. In such case, the substitute Assignment of After-Payout Working Interests will be in the same form as, the original Assignment of After-Payout Working Interests then held by the Trustees. On receipt of a substitute Assignment of After-Payout Working Interests, the Trustees shall re-assign to the Trustor the conveyance of working interest then held by the Trustees and accept in its place the substitute Assignment of After Pay-Out Working Interest until a further substitution, if any, is made pursuant to this Section 2.03.